Proof in Recovery
About this raise
Proof in Recovery, with a valuation of $8 million, is raising funds on Wefunder. The company is developing digital therapeutics that will help improve treatment and recovery for substance abuse patients. The technology platform of Proof in Recovery can also be used for remote patient monitoring to provide clinicians with the data to make informed care decisions. Proof in Recovery is led by a passionate team and has a revenue opportunity of $925 million. Zachary Ratliff founded Proof in Recovery in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for building the alpha version of the app, branding and website design, and development and expansion of digital therapeutic exercises.
Investment Overview
Invested : $59,426
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/31/2022
- Close Date
- 05/27/2022
$50,000
$250,000
$100
SAFE
Early Stage
RegCF
$6,000,000
$8,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $49,000
- Monthly Burn
- $3,323
-
Runway
- 0.7 months
- Gross Margin
- 50%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/27/2022 | Wefunder | $8,000,000 | $59,426 | SAFE | Funded | RegCF |
